The latest research report published by Transparency Market Research (TMR) forecasts significant CAGR growth to global e-scrap and printed circuit board (PCB) e-scrap market during the period from 2016 to 2026.

As per report, the global e-scrap market is projected to expand at a CAGR of 5.6% during this period. It must be noted that the market was valued at 43.7 million tons in 2015. Also, the global PCB e-scrap market is forecast to reach 3.14 million tons by 2026, growing at a CAGR of 7.3% from 1.46 million tons in 2015.

The report classifies the global market for e-scrap and PCB e-scrap based on the source of e-scrap into various segments such as household appliances, entertainment devices, IT and telecommunication devices etc. Among them, household appliances segment is likely to emerge as the major e-waste contributor.

According to TMR, Asia Pacific region was the dominant market for e-scrap and PCB e-scrap in 2015, accounting for almost 40% share of the overall market volume. This trend is likely to continue until 2026. The report says that countries such as China, India, Japan and South Korea are likely to drive the e-scrap market growth in the region. The increasing incomes by urban households in the above countries are likely to boost consumption of new electronic products, which in turn will add to e-scrap volumes.

The tremendous growth in global e-scrap and PCB e-scrap market will generate growth opportunities for smelters for e-waste recycling, the report says.